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Business - Page 1703

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Hellenic, Marfin Popular H1 profits exceed Cyprus stock market forecasts

Hellenic Bank and Marfin Popular Bank announced record profits for the first half of the year, exceeding stock market expectations by nearly 170%. Hellenic Bank Group recorded profits of EUR 70,3 mln

29th August 2007
Business

Ericsson, Deutsche Telekom in managed services for microwave network

Ericsson and Deutsche Telekom AG, one of the world’s leading integrated telecom companies with more than 111 mln mobile customers, 38 mln fixed-network lines and 13 mln broadband lines, have entered a

29th August 2007
Business

Go Play: Nokia unveils four devices for entertainment, music and games

Alongside the introduction of Ovi, the door to Nokia’s new Internet services, Nokia has unveiled four new mobile devices specifically optimized for entertainment, music and games. Each device offers dedicated music or

29th August 2007
Business

European insurers’ stable outlook underpinned by good results – Moody’s

The European insurance industry continued to enjoy ratings stability and good results in the first half of 2007 despite external influences, Moody’s Investors Service said in a new Industry Outlook. While the

29th August 2007
Business

Sweden’s Preem awards refinery project to Hyperion Cyprus

Hyperion Systems Engineering Ltd, the Cyprus-based independent Operator Training Simulator (OTS) supplier, has been awarded a project for the supply and implementation of an OTS for a refinery unit at Preem Petroleum

29th August 2007
Business

Qatar Islamic Bank’s foreign ccy ratings raised

Capital Intelligence (CI), the international emerging markets rating agency, has raised the foreign currency rating for Qatar Islamic Bank (QIB) to A- from BBB+ (long-term) and A2 (short-term), while the financial strength

28th August 2007
Business

Moody’s says Asian Sukuk (Islamic bonds) are poised for fast growth

Moody’s Investors Service believes that the prospects for the markets in Sukuk, or Islamic bonds, and Islamic financing in general are very encouraging in Asia, and this outlook goes beyond predominantly Muslim

28th August 2007
Business

Motorola sues Aruba Networks for wireless patent infringement

Motorola subsidiaries Symbol Technologies, Inc. and Wireless Valley Communications, Inc., have filed a patent infringement lawsuit against Aruba Networks, Inc. The lawsuit, filed on August 27 in the U.S. District Court for

28th August 2007
Business

CompuGroup backs down from iSOFT acquisition bid

Germany’s CompuGroup Holding AG announced that the company, acting through its wholly-owned subsidiary CompuGroup UK Limited, will not increase its cash offer, announced on July 20 of 66 pence per share for

28th August 2007
Business

Mellon cooperates with Visa Europe on training of chip cards

Mellon Financial Products Support (MFP), member of the Athens-based Mellon Group of Companies specializing in business process outsourcing services, announced its cooperation with Visa Europe to provide briefing and training services to

28th August 2007
Business
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